An average of $32 billion a year of private investment went to plastics circularity between 2018 and 2023, far below the $1 trillion needed.The latest figures are revealed in the third edition of the Plastics Circularity Investment Tracker, released by The Circulate Initiative , a nonprofit organization dedicated to solving the ocean plastic pollution challenge in emerging markets. The latest report, which received support from the International Finance Corp.
The new data was released ahead of the final round of negotiations for an international legally binding instrument on plastic pollution, including in the marine environment, set to take place in November and December 2024. The report seeks to mobilize additional capital and redirect it to regions where it is most needed. It revealed that Asia and Africa received 10 percent and 0.